Page 58 - Policy Economic Report- June'26

POLICY AND ECONOMIC REPORT
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June 2026 applications already in the pipeline, the scheme is witnessing strong public participation and
unprecedented momentum across the country.

The Union Minister said India’s solar growth is accelerating rapidly. He highlighted that the first 50 GW
took 96 months. The next 50 GW took 36 months and growth from 100 GW to 150 GW took only 14
months. Adding on he said that May 2026 was the strongest month since launch of PM Suryaghar Muft
Bijli Yojana with a record 3.16 lakh rooftop solar installations in a single month and 15,000 households
added in just one day.

The Minister reiterated that the pace of adoption has increased automatically from 118 days to add one
lakh households to less than eight days today. He said more than ?22,750 crore in subsidies has been
dispersed, including ?2,743 crore in May 2026 alone. “PM Suryaghar Muft Bijli Yojana is creating one of
the world’s largest residential solar markets while advancing India’s clean energy transition and energy
self-reliance,” he said.

Shri Joshi said that at a time when the world is facing energy uncertainties due to the West Asia Crisis,
initiatives like PM Suryaghar Muft Bijli Yojana are strengthening India’s energy security and strategic
resilience. He said rooftop solar installations have increased from about 7000 per month before the
scheme to over three lakh per month today. More than 17 lakh households have achieved zero electricity
bills, demonstrating direct savings from families.

The Minister is confident that by 2047, every household will have rooftop solar and said, “PM Suryaghar
Muft Bijli Yojana will become people’s movement.” The Minister also said that looking ahead, we will
integrate Battery Energy Storage Systems as storage costs decline and expand adoption through the
Model Solar Village initiative.

Secretary New & Renewable Energy, Shri Santosh Kumar Sarangi along with other senior officers was also
present during the event.

Launched on 13 February 2024 with an outlay of ?75,021 crore, PM Surya Ghar: Muft Bijli Yojana has
become the world’s largest domestic rooftop solar programme. Over 1 crore households have registered
on the National Portal, with more than 33 lakh rooftop systems installed as of May 2026, adding over 12
GW capacity. Rooftop solar now accounts for nearly 45% of residential solar capacity, with deployment
growth rising to 85% during 2024–2026. The scheme contributes to India’s progress towards its 500 GW
non-fossil capacity target by 2030, with total solar capacity crossing 150 GW as of March 2026, while
enhancing energy access and reducing subsidy burden on DISCOMs.

Shri Joshi launched PM Surya Ghar logo and WhatsApp bot. He felicitated PM Surya Ghar Awards to top-
performing States/UTs, DISCOMs, banks, vendors, and other stakeholders, including outstanding
performers during the “Month of Solar” campaign in May 2026.

The Union Minister also launched two reports by CEEW (Council on Energy, Environment and Water) (i)
“What Drives Rooftop Solar Installation Decisions in Indian Homes? Understanding Household Decision
Making through a Pan-India Survey”, and (ii) “Maximising Rooftop Solar Performance by Enabling a Robust
O&M Ecosystem – A Multi-Billion Market Opportunity in India’s Residential RTS Segment”, which

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